As the cost and availability of insurance is going up year over year in traditional markets, companies are forming alternative risk transfer agreements such as group captives. A group captive is an insurance company that is owned by a group of insureds who share risk and create better efficiencies. Listen to Matt Atkinson discuss why group captives work well in a challenging market and how you can turn your insurance strategy into a business advantage in this 11-minute video.
Group Captives in a Challenging Market
Alternative risk strategies in captive markets
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Gallagher provides insurance, risk management and consultation services for our clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance/risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general informational purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient’s industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers control.